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As of close of business last night, WK Kellogg Co’s stock clocked out at $17.60, up 1.32% from its previous closing price of $17.37. In other words, the price has increased by $1.32 from its previous closing price. On the day, 0.68 million shares were traded. KLG stock price reached its highest trading level at $17.91 during the session, while it also had its lowest trading level at $17.35.
Ratios:
To gain a deeper understanding of KLG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on July 10, 2024, Downgraded its rating to Underperform and sets its target price to $17 from $24 previously.
On May 08, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $20.
On December 14, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $13.Morgan Stanley initiated its Equal-Weight rating on December 14, 2023, with a $13 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 ’24 when MURGUIA RAMON bought 1,000 shares for $14.64 per share. The transaction valued at 14,640 led to the insider holds 10,860 shares of the business.
Brice Sherry bought 3,150 shares of KLG for $37,019 on Nov 22 ’23. The Chief Supply Chain Officer now owns 9,335 shares after completing the transaction at $11.75 per share. On Nov 14 ’23, another insider, Brice Sherry, who serves as the Chief Supply Chain Officer of the company, bought 5,580 shares for $10.77 each. As a result, the insider paid 60,077 and bolstered with 6,185 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KLG now has a Market Capitalization of 1511444096 and an Enterprise Value of 1925692672. Its current Enterprise Value per Revenue stands at 0.7 whereas that against EBITDA is 5.409.
Stock Price History:
Over the past 52 weeks, KLG has reached a high of $24.63, while it has fallen to a 52-week low of $9.65. The 50-Day Moving Average of the stock is -0.10%, while the 200-Day Moving Average is calculated to be 12.38%.
Shares Statistics:
It appears that KLG traded 1.11M shares on average per day over the past three months and 956680 shares per day over the past ten days. A total of 85.81M shares are outstanding, with a floating share count of 65.09M. Insiders hold about 24.21% of the company’s shares, while institutions hold 65.80% stake in the company. Shares short for KLG as of 1721001600 were 8003681 with a Short Ratio of 7.19, compared to 1718323200 on 7705359. Therefore, it implies a Short% of Shares Outstanding of 8003681 and a Short% of Float of 16.91.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, KLG has a forward annual dividend rate of 0.48. Against a Trailing Annual Dividend Yield of 0.018422566
